59-61 Park Street Essex Junction, Vermont 05452 MLS# 4989890

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Sold Status

$1,100,000 Sold Price

Multi Type

12 Beds

8 Baths

5,300 Sqft

Listed By Geri Reilly of Geri Reilly Real Estate
Sold By Vermont Real Estate Company
✉ 🖶

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59-61 Park Street

Great investment opportunity in the village of Essex Junction. 4 - 1 bedrooms units in front building plus basement & one unit with enclosed porch. 4 - 2 bedroom units in back building with front balconies. Landlord pays heat but could be easily converted. Low rents with long term tenants, family owned property since 1971, plenty of parking & lots of potential! Coin-op washer & dryer for tenants. Large yard space, convenient location minutes to eateries, town pool & parks. †

Property Location

59-61 Park Street Essex Junction

Property Details

Sold Price  $1,100,000 Sold Date  May 22nd, 2024
List Price  995,000 Bedrooms  12 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  1970
MLS#  4989890 Lot Size  0.7 Acres Taxes $14,668
Type  Multi-Family Days on Market  233 Days Tax Year 2023
Units  8 Stories  2 Road Frontage  134
Annual Income  $112,620 Style   Water Frontage  
Annual Expenses  $0 Finished  5,300 Sqft Construction  No, Existing
Zoning   Res-office Above Grade  5,300 Sqft Seasonal  No
Total Rooms  12 Below Grade  0 Sqft List Date  Apr 2nd, 2024
Gross Income  $112,620 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,400/Monthly Unit 2   1 Beds, 1 Baths, $1,010/Monthly
Unit 3   1 Beds, 1 Baths, $1,200/Monthly Unit 4   1 Beds, 1 Baths, $1,300/Monthly
Unit 5   2 Beds, 1 Baths, $1,100/Monthly Unit 6   2 Beds, 1 Baths, $1,100/Monthly
Unit 7   2 Beds, 1 Baths, $1,075/Monthly Unit 8   2 Beds, 1 Baths, $1,200/Monthly
Construction
BasementWalk-up, Unfinished, Slab, Full
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone, Stone House Color  
Floors  Vinyl, Carpet Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom 5 corners onto Park Street, property across from Abair's Quality Car Care
Lot Description, Village, Near Bus/Shuttle
Garage & Parking  No, Unassigned, 11-20 Spaces
Road Frontage  134 Water Access  
Driveway  Dirt Water Type  
Flood Zone  No Water Body  
Zoning  Res-office
School District  NA Middle  Albert D. Lawton Intermediate
Elementary  Hiawatha Elementary School High  Essex High
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Xfinity Documents  Property Disclosure, Deed, Tax Map
Electric  Circuit Breaker Tax ID  208-066-16075
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† The remarks published on this webpage originate from Listed By Geri Reilly of Geri Reilly Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.